Research Section

Question 1

What is the issue and why does it happen

Answer 1

The term import is when it good or service is brought into one country from another. Import usually take place because domestic industries cannot produce certain goods is officially or cheaply as foreign countries, or because raw materials or commodities are not available within its borders

Question 2

Effect on the economy

Answer 2

People supply from foreign countries because they have cheap prices due to the countries substandard wages and unethical working environment. Australian family run businesses are unable to compete with the low prices these countries are providing. This results in a negative impact on these small companies as they are running out of business. This influences the economy, as it leaves the population unemployed,

Question 3

Action taken by the government

Answer 3

The Fedral government is responsible for this issue. The government have set standards that countries have to follow, the standards help make sure that the goods imported a safe and reliable. Oxfam Australia is also helping the issue by regularly monitoring factory conditions and talking to workers in foreign countries.

Question 4

2 possible solutions to solve the issue.

Answer 4

1. Place a tax rate on the process of importing goods to Australia. Therefore it will be cheaper to just supply from Australian businesses
2. Provide more advertising campaigns, that will effectively produce awareness of the need to support Australian businesses.